28 October
2024
CyanConnode Holdings
plc
("CyanConnode" or
the "Company")
Contract in the Middle East and North
Africa (MENA)
CyanConnode Holdings plc (AIM:
CYAN), a world leader in narrowband radio
frequency ("RF") mesh networks, is pleased to announce that it has
received a follow-on order with a value in excess of $1 million for
cellular gateways in the Middle East and North Africa (MENA)
region. This contract builds upon the initial MENA order for this
project, which was announced by the Company on 4 August
2022.
The full order is scheduled for
delivery, with revenue also recognised, within this financial year,
which ends on 31 March 2025.
John
Cronin, Executive Chairman, commented:
"We are delighted to have secured
this follow-on order, which builds on our previous successes in the
MENA region. This order significantly strengthens our relationship
with this valued customer, further supporting our global business
expansion and enhancing our revenue visibility."
- Ends -
Enquiries:
CyanConnode Holdings plc
Tel: +44 (0) 1223 865
750
John Cronin, Executive Chairman
www.cyanconnode.com
Strand Hanson Limited (Nominated and
Financial Adviser)
Tel: +44 (0) 20 7409
3494
James Harris, Richard Johnson, David
Asquith
Zeus Capital Limited (Joint
Broker)
Tel: +44 (0)
20 3829 5000
Simon Johnson, Louisa
Waddell
Panmure
Liberum (Joint
Broker)
Tel: +44 (0) 20 7886 2500
Rupert Dearden / James
Sinclair-Ford
About
CyanConnode
CyanConnode (AIM:CYAN.L), is a world
leader in Narrowband Radio Frequency (RF) Smart Mesh Networks,
which are used for machine to machine (M2M) communication. As
well as being self-forming and self-healing, CyanConnode's RF Smart
Mesh Networks are designed for rapid deployment, whilst giving
exceptional performance and competitive total cost of
ownership.
In June 2018, CyanConnode launched
its award-winning Omnimesh Advanced Metering Infrastructure (AMI)
platform, which has already gained considerable commercial
traction, especially in India which is a key market for the
Company.
Through a Global partner eco-system,
which is vendor agnostic, CyanConnode has several routes to market,
therefore it is well positioned to capitalise upon increasing
Global demand for smart metering solutions.
For more information, please
visit www.cyanconnode.com
